Jun
02 Housing market gets boost with the removal of HIPs
The latest Agency Express Property Activity Index shows a massive boost for the UK housing market last month with the abolition of Home Information Packs (HIPs) which contributed to a significant increase in housing activity.
Ther was a 13.6% increase in the number of homes being put up 'For Sale' in May which was up a massive 89.4% on April 2009's level. It's the highest level seen for more than two years (since April 2008).
The number of properties Sold also increased in May by 8.6% on April and 17.0% up on May 2009. May's sales were the third highest monthly level since April 2008.
Categories: Economy